CNO Financial Group (NYSE:CNO) CMO Rocco Tarasi III Sells 9,283 Shares

CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco Tarasi III sold 9,283 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $42.60, for a total transaction of $395,455.80. Following the completion of the sale, the chief marketing officer directly owned 73,932 shares of the company’s stock, valued at $3,149,503.20. This represents a 11.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

CNO Financial Group Price Performance

Shares of CNO stock traded up $1.60 on Monday, reaching $42.84. The company’s stock had a trading volume of 1,915,030 shares, compared to its average volume of 700,818. The stock’s fifty day simple moving average is $40.25 and its 200-day simple moving average is $38.88. CNO Financial Group, Inc. has a 1 year low of $34.63 and a 1 year high of $43.56. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 14.98 and a beta of 0.86.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 earnings per share for the quarter. CNO Financial Group had a net margin of 6.64% and a return on equity of 15.81%. The business had revenue of $968.30 million for the quarter. Analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is 23.78%.

Wall Street Analysts Forecast Growth

CNO has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their target price on CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Jefferies Financial Group upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $42.00 to $47.00 in a research note on Monday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, CNO Financial Group presently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

Institutional Investors Weigh In On CNO Financial Group

Institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. grew its position in CNO Financial Group by 90.1% during the third quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock worth $25,000 after buying an additional 302 shares during the period. Smartleaf Asset Management LLC increased its stake in CNO Financial Group by 353.0% in the third quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 579 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new stake in CNO Financial Group in the second quarter valued at approximately $32,000. First Horizon Corp purchased a new stake in CNO Financial Group during the third quarter valued at about $32,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of CNO Financial Group by 123.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 649 shares in the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.